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Furniture, Equipment and Leasehold Improvements | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Furniture, Equipment and Leasehold Improvements | Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements consisted of the following as of December 31, 2025 and 2024:
| December 31,
| 2025 |  | 2024
Furniture and Equipment | $ | 97,521 |  |  | $ | 83,483 |
Leasehold Improvements | 212,598 |  |  | 168,485 |
Computer and Technology-related | 50,217 |  |  | 44,243 |
Total | 360,336 |  |  | 296,211 |
Less: Accumulated Depreciation and Amortization | (170,272) |  |  | (151,455) |
Furniture, Equipment and Leasehold Improvements, Net | $ | 190,064 |  |  | $ | 144,756 |
Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $28,897, $24,468 and $24,348 for the years ended December 31, 2025, 2024 and 2023, respectively. Other Assets on the Consolidated Statements of Financial Condition includes capitalized costs associated with cloud computing arrangements of $20,520 and $18,087 as of December 31, 2025 and 2024, respectively. Amortization expense for capitalized costs associated with cloud computing arrangements was $5,330, $3,169 and $2,631 for the years ended December 31, 2025, 2024 and 2023, respectively, included within Technology and Information Services on the Consolidated Statements of Operations.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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